Gold price recovered slightly - short term

Updated
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold remains within a familiar range below the 50-day Simple Moving Average (SMA), cautioning bullish traders.

⭐️Personal comments NOVA:
Gold prices increased slightly - bad economic data for the dollar, but still narrow sideways range

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2307 - $2305 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330


🔥SELL GOLD zone: $2348 - $2350 SL $2355
TP1: $2340
TP2: $2330
TP3: $2320


⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Note
Gold price fell below 2320 during the Asian session
Note
Gold price continues to sideways in range 2310-2320. Waiting for news data tonight
Note
+ 20 pips , Signal PLAN DAY BUY 2305-2307
Note
+ 40 pips , signal PLAN DAY 2305-2307
Note
+ 90 pips , signal PLAN DAY BUY 2305-2307
Note
+ 170 pips , signal PLAN DAY BUY 2305-2307
Note
+ 210 pips, signal PLAN DAY BUY 2305-2307
Note
+ 230 pips , signal PLAN DAY BUY 2305-2307
Note
Gold prices increased during the US session thanks to bad data for the dollar
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Dear My Friends,

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✅ Trading Idea / Setup / Technical.

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